Forums
Presentation format - NPO & Incomplete records
Accountancy
answered on 11-Jun-21 12:56
Can accounts such as - Subscriptions (income a/c, asset a/c & liability a/c) & other similar accounts be prepared in T format in working notes in exam? Or is it necessarily to be prepared in Statement format only? I have the same doubts for incomplete records too.
latest answer
Thanks for the clarification!
Sundara Gandhi
CA Inter
★ 4K+
2
529
Input tax credit
Indirect Taxation
answered on 14-Jun-21 11:40
Is it 20% of matched credit or 10% of matched credit?
latest answer
Okay thank you!!
Niranjana Ajith
CA Final
★ 9K+
6
615
Integration
Maths & Stats
answered on 11-Jun-21 10:08
Please solve this. Question 23
latest answer
The question given is wrong. please correct it from the below answer.If you had understood marks this answer as best answer
Sibi Srinivasan
CA Final
★ 22K+
1
732
Query
Corporate & Other Laws
answered on 11-Jun-21 11:29
How to study paper2 so as to cover pass mark
latest answer
https://www.youtube.com/watch?v=noj8Y20mPMw https://www.youtube.com/watch?v=lAMUQYry9f0
Prasanth Kumar
CA Inter
★ 13K+
1
531
Conceptual doubt
Accountancy
answered on 11-Jun-21 20:01
Sir ,I want to know the derivation of the below given statements (1)If profit margin is same , selling price is different then cost per unit cannot be same (2) if Gross profit margin is same , selling price proportion is equal to cost price proportion
latest answer
Ok sir thank you
SREEABITHA SENTHILKUMAR
CA Inter
★ 1K+
10
586
Doubt
Others
answered on 15-Jun-21 09:53
Can CA student write CA(bar) after his/her name who is doing articleship? Legally correct?
latest answer
No. Sections 7 and 24 of the Chartered Accountants Act 1949 allows a member (of the ICAI) only to use the designation of CA along with his/her name.
sameer fahad
CA Final
★ 5K+
1
535
doubt
Costing
answered on 12-Jun-21 07:00
why fixed cost is period cost in marginal costing but in absorption costing fixed cost is product cost
latest answer
Marginal costing - fixed overheads are charged in total to the profit and loss account. Contribution is a pool of amount from which total fixed costs will be deducted to arrive at the profit or loss. Absorption costing - fixed overheads are absorbed and included in the valuation of inventories which are carried forward (thereby reducing cost of sales) to the next accounting period instead of being written off in the current accounting period (as a period cost, as in marginal costing).
Chandramouli A
CA Inter
★ 720
3
606
Departmental accounts
Accountancy
answered on 11-Jun-21 18:21
In this book back question from study material, why do we credit the stock reserve of opening stock in general profit and loss account? What does that have to do with FIFO method?
latest answer
That makes sense. Thank you sir.
Mayilvizhi Maan
CA Inter
★ 6K+
4
1K+
Time value of money
Maths & Stats
answered on 10-Jun-21 20:04
Can any one solve this sum and give clear explanation ?
latest answer
Populate the values in future value of annuity formula
Aakash Raavi
CMA Inter
★ 320
1
754
Time value of money
Maths & Stats
answered on 10-Jun-21 20:03
Can any one solve this sum with clear explanation ?
latest answer
Find the present value of annuity and compare with the cost
Aakash Raavi
CMA Inter
★ 320
1
623